Hibbett Sports (HIBB) Scheduled to Post Earnings on Friday

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Hibbett Sports (NASDAQ:HIBB) is set to post its quarterly earnings results before the market opens on Friday, November 22nd. Analysts expect Hibbett Sports to post earnings of $0.12 per share for the quarter. Hibbett Sports has set its FY 2020 guidance at $2.15-2.25 EPS and its FY20 guidance at $2.15-2.25 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Hibbett Sports (NASDAQ:HIBB) last posted its quarterly earnings data on Friday, August 23rd. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.03. Hibbett Sports had a return on equity of 11.89% and a net margin of 2.39%. The firm had revenue of $252.40 million for the quarter, compared to analysts’ expectations of $255.71 million. During the same period in the previous year, the firm earned ($0.06) EPS. The business’s quarterly revenue was up 19.6% on a year-over-year basis. On average, analysts expect Hibbett Sports to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

HIBB stock opened at $25.45 on Friday. Hibbett Sports has a twelve month low of $13.08 and a twelve month high of $26.40. The company has a quick ratio of 0.48, a current ratio of 1.64 and a debt-to-equity ratio of 0.55. The stock has a market cap of $437.74 million, a P/E ratio of 14.38, a PEG ratio of 1.04 and a beta of 0.48. The business’s 50-day moving average price is $23.36 and its 200-day moving average price is $20.19.

In related news, SVP Jared S. Briskin sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $26.00, for a total value of $26,000.00. Following the transaction, the senior vice president now directly owns 3,508 shares of the company’s stock, valued at approximately $91,208. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Cathy E. Pryor sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $25.00, for a total value of $275,000.00. Following the completion of the transaction, the vice president now directly owns 446 shares in the company, valued at $11,150. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,227 shares of company stock worth $329,221. 2.00% of the stock is owned by insiders.

A number of research analysts have recently weighed in on HIBB shares. BidaskClub cut Hibbett Sports from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 9th. ValuEngine cut Hibbett Sports from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 27th. Susquehanna Bancshares set a $29.00 price objective on Hibbett Sports and gave the company a “buy” rating in a research report on Monday, August 26th. Zacks Investment Research cut Hibbett Sports from a “strong-buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research report on Monday, July 29th. Finally, Bank of America lowered their price objective on Hibbett Sports from $20.00 to $14.00 and set an “underperform” rating on the stock in a research report on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.26.

About Hibbett Sports

Hibbett Sports, Inc, together with its subsidiaries, operates athletic specialty stores. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, sports equipment, and related accessories. The company also operates Hibbett.com, an e-commerce Website. It operates approximately 1,100 stores under the Hibbett Sports and City Gear names primarily in small and mid-sized communities in the United States.

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Earnings History for Hibbett Sports (NASDAQ:HIBB)

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